FUBO - NEUTRAL
- FUBO currently at a major decisive point.
Scenarios:
Long:
- Bounced off of .786 Fib
- Giant Volume Candle on the daily
- Possible ignition of trend reversal (to the upside)
- Look to enter long if a 30m candle closes above $25, target Point of Control at 28. Might move higher to .618 fib at 29.50
- Bottoming out action present chart
- Bottoming out at over-sold area of RSI
Short:
- Bounced off of upper channel of down-trend
- Look to enter short if a 30m candle closes below 20.42
- Lots of room to go down further if 20.42 support breaches, profit target at 14
Overall: More bullish signals than bearish.
- FUBO currently at a major decisive point.
Scenarios:
Long:
- Bounced off of .786 Fib
- Giant Volume Candle on the daily
- Possible ignition of trend reversal (to the upside)
- Look to enter long if a 30m candle closes above $25, target Point of Control at 28. Might move higher to .618 fib at 29.50
- Bottoming out action present chart
- Bottoming out at over-sold area of RSI
Short:
- Bounced off of upper channel of down-trend
- Look to enter short if a 30m candle closes below 20.42
- Lots of room to go down further if 20.42 support breaches, profit target at 14
Overall: More bullish signals than bearish.
Comment:
FUBO heading to 20.40 support to retest. Keep an eye on it. Will enter short if it breaks, long if it holds.